Mt. Gox one of the world’s largest bitcoin exchange by trading volume is finally moving toward settling creditors’ accounts in cryptocurrency or cash. The exchange holds $143m in cash and 141,686 BTC and 142,846 BCH, totaling over $593m at today’s prices.
China’s bitcoin mining giant Bitmain Technologies this week appeared to abandon it’s IPO ambitions after it allowed it Hong Kong stock market proposal listing to lapse.
Coinbase’s custody arm is offering institutional clients an opportunity to make a return on their investment in Tezos proof of stake network (PoS), after deducting Coinbase’s fees, investors can expect an annual return of around 6.6 percent, the firm estimated.
Japanese financial services giant SBI Holdings has established a new venture, SBI Mining Chip Co. (SBIMC) to manufacture cryptocurrency mining chips and systems.
Opinion: This week’s opinion piece is from Olga Kharif (Bloomberg) noting that better features on rival platforms such as EOS is having a negative impact on Ethereum’s market position.